By Ann Koh / Bloomberg.com

July 14 (Bloomberg) — Crude oil rose for the first time in three days on signs of recovery from the global recession, prompting optimism fuel demand will increase.

Oil climbed from an eight-week low as U.S. and Asian stocks gained. China’s economy may have expanded 7.8 percent in the second quarter as record lending and surging investment drove a rebound, according to a Bloomberg News survey. Singapore today raised its economic growth forecast.

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